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Dec 5, 2012
12/12
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by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the job done. >> it is not possible to raise the amount of revenue required for a balance the package if all you rely on is closing deductions and loopholes. let me amend that. it is possible
by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the...
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Dec 3, 2012
12/12
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hoping we don't fall off the fiscal cliff. the fear we might could mean a fall in your savings. this, even though december is a month you usually see gains, often more than okay for your 401(k), the s&p 500 a big part of many retirement accounts, has gone up 16 in the past 20 years during this month. but now, investors are scared a plunge over the cliff could send the economy falling back into recession. those worries sent stocks falling. the s & p down two straight weeks after the election, even though it has made up four of the 5.3% loss, whenever there was a glimmer of a hope of a deal, headed up. and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on fri
hoping we don't fall off the fiscal cliff. the fear we might could mean a fall in your savings. this, even though december is a month you usually see gains, often more than okay for your 401(k), the s&p 500 a big part of many retirement accounts, has gone up 16 in the past 20 years during this month. but now, investors are scared a plunge over the cliff could send the economy falling back into recession. those worries sent stocks falling. the s & p down two straight weeks after the...
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Dec 2, 2012
12/12
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. >> to make the argument we've made is to raise taxes and revenues and approach the fiscal cliff and argument from small businesses and others, if you increase our rate, we're either going to have to layoff individuals, not going to hire anybody else right now, and so, therefore, this economy that's already stalled is not going to grow at a clip. >> you remember two years ago, the question was, should we keep the bush rates, at least temporarily, given the problems in the economy and at that time, all the democrats acknowledged raising taxes is not a way to boost economic growth. for whatever reason, this time, there seems to be more of an ideological commitment that the rates have a rise and i think the president ought to be thinking, how do we grow. >> that's what the president said in 2010, we can't afford taxes right now in this down economy, what's changed. >> two years, i guess the election change. great to see you this morning, appreciate it. >> coming up on the show, it's the phone call that every parent dreads, informing you your child has been in an accident. this father an
. >> to make the argument we've made is to raise taxes and revenues and approach the fiscal cliff and argument from small businesses and others, if you increase our rate, we're either going to have to layoff individuals, not going to hire anybody else right now, and so, therefore, this economy that's already stalled is not going to grow at a clip. >> you remember two years ago, the question was, should we keep the bush rates, at least temporarily, given the problems in the economy...
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Nov 30, 2012
11/12
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john boehner, the speaker of the house is speaking out now about the fiscal cliff, let's listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our economy doesn't grow, americans don't get new jobs. and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a bipartisan solution that can pass both chambers of congress and be signed into law by the president in the coming days. now, during the campaign the president pledged to the american people that he would seek a balanced approach to addressing the debt, a combination of new revenues and spending cuts. so the day after the election i said the republican majo
john boehner, the speaker of the house is speaking out now about the fiscal cliff, let's listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our...
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Dec 1, 2012
12/12
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the president not just busy concerning himself with the fiscal cliff, but also a new cabinet and some reports say he could appoint new cabinet members in the next couple of weeks, including secretary of state, and someone to be the new defense secretary as well. and that means could susan rice get the call? all indications are yes, at this point, unless for some reason, john kerry sneaks in because he'd have a smoother confirmation, juliet. >> juliet: yeah, the problem is what happened with benghazi seems to be a replay of what happened when she was involved with watching over africa when she was at the state department. and the-- exactly being back in 1998. there was information that al-qaeda had cells in some of the major cities in africa and that they asked, asked for more security and didn't get it. sound familiar? and yesterday on sean hannity's show, the family of two of the victims killed in the 1998 bombings had some comments. >> what we do know as early as 1996 our intelligence community had live active sells, in nairobi, kenya, despite those facts nothing was done to increas
the president not just busy concerning himself with the fiscal cliff, but also a new cabinet and some reports say he could appoint new cabinet members in the next couple of weeks, including secretary of state, and someone to be the new defense secretary as well. and that means could susan rice get the call? all indications are yes, at this point, unless for some reason, john kerry sneaks in because he'd have a smoother confirmation, juliet. >> juliet: yeah, the problem is what happened...
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Nov 29, 2012
11/12
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we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a pro
we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion...